Question

A store marks up merchandise 40% to make a profit. If the item costs the store $12, what is the selling price?

Answer 1

$16.80

Explanation:

The item costs the store $12.00

12 x 40% or 12 x 0.4 = 4.8

Add 4.8 to 12

And you get the price the store sells the product for profit, $16.80